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G Suite Team Drives is currently available for:

  • G Suite Enterprise
  • G Suite Business
  • G Suite for Education editions

My domain is on the cheaper G Suite Basic plan.

You can tell if you are on G Suite Basic by checking https://support.google.com/a/answer/7212025?hl=en. If it says "You need to upgrade" at the top then you are using G Suite Basic.

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    I'm voting to close this question as off-topic because any answer would be speculation. Google is the only one that can answer this definitively. – jonsca Nov 3 '17 at 22:48
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This kind of announces are made on https://gsuiteupdates.googleblog.com/

It's worth to note that the Team Drive announcement made on March 2017, was updated to announce the inclusion of G Suite for Nonprofits, but there is no mention of the G Suite (basic).

https://gsuiteupdates.googleblog.com/2017/03/introducing-new-enterprise-ready-tools-google-drive.html

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